Green Mountain approves 3-for-1 stock split

Coffee company Green Mountain Coffee Roasters Inc. said today that its board approved a three-for-one stock split.

Shareholders of record as of July 17 will get two additional shares of common stock for every share they hold, the company said. Green Mountain's transfer agent, Continental Stock Transfer, will distribute any additional shares on July 27, the company said.

Green Mountain said that on July 30 its common stock will start trading on a split-adjusted basis. (AP)